Vehicle Repair Platform ServiceUp Raises $55M in Series B Funding

ServiceUp, a platform that streamlines the vehicle repair process, has secured $55 million in a Series B funding round led by PeakSpan Capital. This funding brings the total raised since its 2021 inception to nearly $70 million. Tiger Global Management led its $14.5 million Series A in 2022. ServiceUp's latest raise also saw participation from existing backers Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures.

Founded by Brett Carlson and Brett Dashe, the California-based startup aims to modernize vehicle repair processes for fleets and insurance carriers. ServiceUp offers a centralized platform for repair approvals, vendor management, live repair tracking, billing, and data insights. Additionally, it provides a managed service, ServiceUp 360, handling everything from vehicle pickup to delivery. ServiceUp, which is part of the automotive-related startups that have collectively raised $3.5 billion in venture funding globally in 2025, projects profitability by 2026.

The company, with over 50 customers including Zipcar, Voyager Global Mobility, Clearcover, and Kyte, charges SaaS fees and service fees for its offerings. It plans to utilize the new capital to further enhance its platform with automation and artificial intelligence and expand into Canada and other U.S. states. The company currently has 63 employees.